The Biggest Salaries In The Car Industry

Barra tops list

CEO salaries have hit the headlines in recent months, following the arrest of Carlos Ghosn after an internal investigation into his business practices overseeing Nissan.

While the authorities continue their enquiries, what is clear is that running a car company can lead to incredible remuneration opportunities – most of which are made public as a result of the firm’s accounts being open to audit.

A selection of the highest paid are listed below, but it’s worth remembering that the big money isn’t exclusive to OEM bosses: the chief of leading car seat and electrical systems firm Lear Corporation, Matthew Simoncini, earned £11.5 million in 2017, for instance.

If you’re choking slightly at the figures, it’s also worth highlighting that they all stand to pale into insignificance if Elon Musk (right) hits pre-agreed goals with Tesla’s shareholders.

At present, he is taking no salary or bonus, but if the value of Tesla rises to £500 billion in the next ten years (from around £50bn), Musk stands to earn awards potentially worth as much as £2bn. That’s on top of the stock he holds, which at this point would be worth £42bn.

LAST REPORTED CEO EARNINGS

  • MARY BARRA
    General Motors
£17.1m
  • CARLOS GHOSN
    Nissan, Renault, Mitsubishi
£13.2m
  • JIM HACKETT
    Ford
£13.0m
  • BILL FORD
    Executive chairman, Ford
£12.2m
  • MATTHIAS MULLER
    Ex-Volkswagen Group
£8.9m
  • DIETER ZETSCHE
    Daimler
£7.6m
  • HARALD KRUGER
    BMW
£7.4m
  • RALF SPETH
    Jaguar Land Rover
£5.4m
  • CARLOS TAVARES
    PSA Group
£4.6m
  • CHUNG MONG-KOO
    Chairman, Hyundai
£3.1m